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The Nigerian Naira closed the month of April in a steep decline, closing at N1,390.96/$1 in the NAFEM, where the exchange rate trades officially. This rate represents a 5.8% depreciation from the month’s opening rate of N1,309.39 and a significant drop from its mid-month high of N1,072.74. The naira rallied against the dollar in the […] More

Binance founder, Changpeng Zhao, has been handed a four-month prison sentence due to lapses that enabled cybercriminals and terrorist organizations to operate freely on the globe’s leading cryptocurrency exchange. The ruling, delivered by US District Judge Richard Jones in Seattle on Tuesday, underscores the gravity of Zhao’s regulatory oversights.   Presenting himself in a somber demeanor, […] More